WARRENVILLE, Ill.--Navistar, Inc., to acquire certain assets and the membership interests of Continental Diesel Systems US, LLC, to manufacture key fuel injection components for its MaxxForce diesel engines. As part of Navistar's industry leadership strategy, the company also will establish a dedicated research and development facility to support Navistar's diesel power system components. The company, renamed Pure Power Technologies, LLC, will further vertically integrate research and development, engineering and manufacturing capabilities to produce world-class diesel power systems and advanced emissions control systems.
"Pure Power Technologies allows Navistar to seamlessly integrate development and production of our power system component technology as we continue to grow globally,' said Daniel C. Ustian, Navistar chairman, president and chief executive officer. "This supports our industry leadership strategy to produce great products and will serve as a components technology incubator for Navistar's MaxxForce brand engines.'
Based in Columbia, South Carolina, Pure Power Technologies will operate a research and development center there as well as a manufacturing plant in nearby Blythewood, South Carolina. The Columbia and Blythewood facilities are former Continental assets. Further, the acquisition of these Continental facilities by Navistar prevents their closing as previously announced by Continental. Navistar and Continental will be working on a product transition plan between now and January to assure the needs of both companies are met.
"The acquisition of Continental's diesel systems business by Navistar is a win-win situation for all parties,' said Kregg Wiggins, senior vice president NAFTA Powertrain Division for Continental. "Navistar will acquire key fuel injection technologies used in their diesel engine manufacturing business and many of the employees in the Blythewood and Columbia locations will have an opportunity to gain positions in this new entity."
Pure Power Technologies supports a number of Navistar's strategic business goals: Ensure the continued delivery of innovative MaxxForce brand engines to the North American on-highway marketplace, including MaxxForce Advanced EGR emissions technology for 2010 and beyond; grow in other automotive and industrial segments in NAFTA countries; partner with new OEM customers in established and emerging markets under Euro emissions regulations; create a global platform for continuous improvement in product quality, performance and fuel-efficiency; develop common quality and manufacturing processes across our engine operations and joint ventures; and support Navistar Global Truck Group and Navistar Global Bus division in non-NAFTA growth areas.
Navistar International Corporation (NYSE: NAV www.Navistar.com
MaxxForce and International are (Registered Trademarks)
For a complete version of the BUSINESS WIRE press release: http://www.businesswire.com/news/home/20091102006304/en
 |
All comment postings require your name and email address for user verification only. Your email address will not be used or distributed for any other purpose.
No advertising is permitted and will result in the post being deleted and/or banning. Please click "REPORT" to report any inappropriate posts. blog comments powered by Disqus
Permission to Reproduce:
Unless otherwise stated, the copyright and similar rights to all material published on this website are owned by The Manufacturers Group Inc. DBA Manufacturing & Technology eJournal( mfrtech.com ). Reproduction of any article in print, electronic or any other form must acknowledge mfrtech.com as the Source and include a link to http://www.mfrtech.com
 |
